Relevant and even prescient commentary on news, politics and the economy.

How prefunding retiree health benefits impacts the Postal Service’s bottom line – and how Brookings got it wrong . . .

The author Steve Hutkins is a literature professor who teaches “place studies” at the Gallatin School of New York University. He has no affiliation with the U.S. Postal Service—he doesn’t work for it, nor does anyone in his family. Save The Post Office (his website) provides information about the post office closings and consolidations that […]

How Probability Is Perceived . . .

I ran across this explanation of Probability as seen by different professions at Sam Wang’s Princeton Consortium and tracked it down to Ben Orin’s Math with Bad Drawings blog. A little about Ben and his blog as told by himself: “This blog is about the things I like. It’s also about the things I can’t […]

For Profit College, Student Loan Default, and the Economic Impact of Student Loans

For Profit Goes on Probation The University of Phoenix has been placed on probation by the Department of Defense preventing the university from recruiting on military bases. The probation comes after the Federal Trade Commission and the California Attorney General’s investigation into the University of Phoenix recruiting methods, its high costs, and the resulting poor […]

When Titans collide: UPS petitions the PRC to change USPS costing methodologies

BY MARK JAMISON (A North Carolina Retired Postmaster). First posted at Save The Post Office The United Parcel Service is very concerned that you might be paying too much for a postage stamp. If you’re wondering why UPS would be worried about something like that, it has to do with the way postal rates are […]

John Boehner’s Student Loan Legacy

Guess Post by Alan Collinge, Founder of The Student Loan Justice Organization When I first started researching the student loan issue over a decade ago, it quickly became obvious that there was one congressman the student lending industry loved more than anyone else: John Boehner. Sallie Mae (the nation’s largest student loan company), through its […]

No COLA for Social Security Recipients in 2016

Or that is what is being thought by the Social Security Administration as we round out 2015 and head into 2016. And the culprit? “Persistently Low Inflation.” How could that be, didn’t the Fed just meet and there were concerns of looming inflation? Apparently not enough inflation to rock the CPI-W. The SS COLAs are […]